Quote:
Originally Posted by Snapolit1
I've lived through a lot of bubbles now. There always a lot of good reasons why the prices are ridiculous and how a crash is imminent. I was living in a 500 foot square apartment with my future wife in 1992 in the West Village in NYC and someone slipped a piece of paper under the door one morning saying we could buy the unit for $225,000 Boy did we laugh about that. What kind of maniac would pay that kind of money for a 500 square foot apartment with the shower in the kitchen. Yep. Probably worth 2 million today. Remember too when Google was trading for $75 and people were telling me to stay the hell away. It was doomed. Bottom line is you can come up with 1000 reasons why the sky is about to fall. Go to the Christies website and look at the auctions of old stuff people are still willing to spend a fortune for. Eggs. Paintings. Vases. Jewlelry boxes. None of them kids today care on whit about. Not saying every piece of memorabilia will hold its price but many will continue to rise.
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Completely agree. We've already seen the turnover in generations that everybody wondered about in the 1980s and 1990s. Why would the kids at that time be interested in the same things as my generation (I'm 70) when they are in their 30s and 40s and starting to have disposal income to spend on collectibles? The prevailing theory was that they wouldn't care at all about players of the 1950s and 60s that the boomers had grown up idolizing, and maybe not even the old timers from the 1920s and 30s. Well, here we are, and all that stuff seems to be holding up pretty well, to say the least.